Binance leaves Russians with over 10,000 euros only withdrawals

MOSCOW, Apr 21 (PRIME) -- Large cryptocurrency exchange Binance have permitted Russians with a balance of over 10,000 euros only to withdraw money, the bourse said on Thursday in a statement.

“Following the E.U.’s fifth package of restrictive measures against Russia, Binance is required to limit services for Russian nationals or natural persons residing in Russia, or legal entities established in Russia, that have crypto assets exceeding the value of 10,000 euros,” Binance said, adding that the accounts that classify under this restriction will be put into withdrawal-only mode.

“No deposits or trading will be permitted on these accounts. The limit also covers all spot, futures, custody wallets, and staked and earned deposits. In addition, all deposits to accounts for Russian nationals or natural persons residing in Russia, or legal entities established in Russia with over 10,000 euros will be restricted.”

No restrictions apply to the accounts below a total value of 10,000 euros.

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